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Q. ……………..cost is the cost of commodities supplied to an undertaking.

Q. …………..is the system of costing under which costs are determined after they have been incurred.

Q. Cost accounting is based on……………..figures.

Q. When material prices fluctuate widely the method of pricing that gives a best result in

Q. ………………………..is concerned with formulation and / or application of principles, methods and techniques of costing.

Q. Direct …………….are those which can be identified in the product and can be measured.

Q. One of the objective of …………….is to avoid under and overstocking of material.

Q. Which of the following is not a function of purchasing management?

Q. The total of all direct expenses is known as ………

Q. The cost that remains unchanged in spite of change in volume of production is known as………….